BUSINESS QUIZ
- Created by: Shahbaz Ahmed Shohan
- Created on: 25-06-21 14:08
Other questions in this quiz
2. Which one of the options is not true about branding?
- Branding helps a business to develop its image.
- Branding might be used to differentiate the product from those of rivals.
- Branding causes a business to charge lower prices.
- Branding creates customer loyalty.
3. The most appropriate definition of the word MARKET is
- Markets are places where consumer goods are sold to buyers in a profit.
- Markets are places where buyers and sellers meet to exchange goods.
- Market is a set of arrangements that allows buyers and seller to communicate and trade in a particular range of goods and services.
- Market is a place where products are sold for profit.
4. Which one of the options is not true about online retailing?
- Online retailing provides greater flexibility.
- It is difficult to gather personal information from customers while selling goods and services online.
- Selling costs can be avoided if products are sold online.
- An online retailer is open 24/7.
5. Dynamic Market refers to
- a market that changes every year.
- a market that changes very rapidly.
- a market which remains stable.
- a market that may grow and shrink over the time.
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